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Business Ethics, Decision and Cost Relations

Business Ethics, Decision and Cost Relations
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Author(s): Mohammad Shahriari (Necmettin Erbakan University, Turkey)and Ahmet Diken (Necmettin Erbakan University, Turkey)
Copyright: 2016
Pages: 21
Source title: Ethical and Social Perspectives on Global Business Interaction in Emerging Markets
Source Author(s)/Editor(s): Minwir Al-Shammari (University of Bahrain, Bahrain)and Hatem Masri (University of Bahrain, Bahrain)
DOI: 10.4018/978-1-4666-9864-2.ch010

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Abstract

Today, all companies, local, national and international, should have a positive image as the main prerequisite of gaining a strong position at their general social image. Creating such an image depends on adopting the work ethics principles as behavior norms. The companies whose organizational structure is based on work ethics norms have an increase in their reliability, their institutionalization comes true in short time, potential of their products being chosen increases, a large and steady customer base is created and, as a result, these companies achieve a high level competitive power. The aim of this chapter is to define ethics, business ethics and cost related to unethical decision making. At the end a case study will be analyzed based on Ethical Criteria.

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